1607 Capital Partners, LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EWJ	ISHARES INC	1,496,106	$107,031	9.8%	$54.94	—	MSCI JPN ETF NEW	46434G822
EWL	ISHARES INC	859,494	$44,780	4.1%	$40.97	—	MSCI SWITZERLAND	464286749
BBJP	J P MORGAN EXCHANGE TRADED F	726,050	$43,040	3.9%	$56.19	—	BETABULDRS JAPAN	46641Q217
—	JAPAN SMALLER CAPITALIZATION	5,160,129	$42,674	3.9%	$8.92	—	COM	47109U104
EZU	ISHARES INC	632,941	$33,059	3.0%	$40.06	—	MSCI EURZONE ETF	464286608
—	GENERAL AMERN INVS CO INC	560,390	$30,043	2.7%	$34.47	—	COM	368802104
IEF	ISHARES TR	250,746	$24,603	2.3%	$111.50	—	7-10 YR TRSY BD	464287440
—	EATON VANCE TAX-MANAGED GLOB	2,799,572	$24,412	2.2%	$8.04	—	COM	27829F108
GOVT	ISHARES TR	903,792	$21,194	1.9%	$26.75	—	US TREAS BD ETF	46429B267
—	BLACKROCK ENHANCED GLOBAL DI	1,732,728	$19,511	1.8%	$12.49	—	COM	092501105
—	ABRDN EMRG MKTS EQTY INCM FD	3,461,298	$19,504	1.8%	$6.75	—	COM	00301W105
XJEQX	ABRDN JAPAN EQUITY FUND INC	3,103,712	$19,398	1.8%	$7.06	—	COM	00306J109
—	NUVEEN MUN VALUE FD INC	2,128,320	$19,197	1.8%	$9.13	—	COM	670928100
—	EUROPEAN EQUITY FD INC	1,871,094	$17,551	1.6%	$7.75	—	COM	298768102
—	BLACKROCK HEALTH SCIENCES TE	1,037,858	$16,440	1.5%	$17.70	—	COM SHS	09260E105
—	PGIM SHORT DUR HIG YLD OPP F	910,524	$15,224	1.4%	$16.90	—	COM	69355J104
—	NEW GERMANY FD INC	1,696,060	$15,146	1.4%	$14.52	—	COM	644465106
BKLN	INVESCO EXCH TRADED FD TR II	720,500	$15,138	1.4%	$21.05	—	SR LN ETF	46138G508
—	MFS INTER INCOME TR	5,551,193	$15,099	1.4%	$3.09	—	SH BEN INT	55273C107
—	TAIWAN FD INC	322,089	$14,149	1.3%	$18.57	—	COM	874036106
—	TEMPLETON EMERGING MKTS FD	1,040,993	$14,095	1.3%	$14.54	—	COM	880191101
—	NUVEEN AMT-FREE MUN VALUE FD	979,971	$13,935	1.3%	$15.34	—	COM	670695105
—	DWS MUN INCOME TR NEW	1,337,384	$13,334	1.2%	$10.97	—	COM	233368109
—	MORGAN STANLEY CHINA A SH FD	974,727	$13,198	1.2%	$23.37	—	COM	617468103
—	EATON VANCE TAX ADVT DIV INC	527,210	$13,017	1.2%	$23.87	—	COM	27828G107
—	ADAMS DIVERSIFIED EQUITY FD	591,566	$12,754	1.2%	$14.17	—	COM	006212104
—	EATON VANCE TX ADV GLBL DIV	642,099	$12,482	1.1%	$17.70	—	COM	27828S101
—	SRH TOTAL RETURN FUND INC	787,766	$12,447	1.1%	$14.58	—	COM	101507101
—	NUVEEN NASDAQ 100 DYNAMIC OV	472,855	$11,878	1.1%	$24.08	—	COM SHS	670699107
—	BLACKROCK ENHANCED INTL DIV	2,043,791	$11,854	1.1%	$5.77	—	COM BENE INTER	092524107
—	BLACKROCK SCIENCE & TECHNOLO	613,022	$11,770	1.1%	$23.46	—	SHS BEN INT	09260K101
—	GABELLI DIVID & INCOME TR	469,341	$11,475	1.0%	$20.49	—	COM	36242H104
—	BLACKROCK HEALTH SCIENCES TR	265,314	$11,125	1.0%	$40.51	—	COM	09250W107
VMBS	VANGUARD SCOTTSDALE FDS	229,530	$10,836	1.0%	$45.95	—	MTG-BKD SECS ETF	92206C771
—	EATON VANCE NATL MUN OPPORT	601,045	$10,789	1.0%	$17.46	—	COM SHS	27829L105
—	ABRDN AUSTRALIA EQUITY FD IN	2,276,813	$10,724	1.0%	$4.52	—	COM	003011103
—	WESTERN ASSET MANAGED MUNS F	966,793	$10,480	1.0%	$11.76	—	COM	95766M105
—	WESTERN ASSET INVT GRADE DEF	570,855	$10,275	0.9%	$17.66	—	COM	95790A101
—	CENTRAL SECS CORP	219,742	$10,073	0.9%	$26.00	—	COM	155123102
SPY	SPDR S&P 500 ETF TR	17,300	$9,926	0.9%	$573.76	—	TR UNIT	78462F103
—	EATON VANCE TAX MNGED BUY WR	667,943	$9,638	0.9%	$13.16	—	COM	27828X100
XXINSIXX	INSIGHT SELECT INCOME FD	544,582	$9,612	0.9%	$16.80	—	COM	45781W109
—	TCW STRATEGIC INCOME FD INC	1,840,276	$9,441	0.9%	$4.75	—	COM	872340104
—	WESTERN AST INFL LKD OPP & I	1,060,460	$9,374	0.9%	$11.58	—	COM	95766R104
—	HANCOCK JOHN INCOME SECS TR	773,503	$8,992	0.8%	$13.23	—	COM	410123103
—	NEUBERGER BERMAN MUN FD INC	784,518	$8,716	0.8%	$10.31	—	COM	64124P101
—	VIRTUS DIVIDEND INTEREST & P	662,772	$8,643	0.8%	$13.49	—	COM	92840R101
—	VOYA EMERGING MKTS HIGH DIVI	1,371,538	$7,825	0.7%	$7.41	—	COM	92912P108
—	MFS GOVT MKTS INCOME TR	2,349,621	$7,777	0.7%	$3.44	—	SH BEN INT	552939100
—	KOREA FD INC	336,063	$7,645	0.7%	$34.43	—	COM NEW	500634209
—	NUVEEN SELECT MAT MUN FD	791,593	$7,330	0.7%	$9.08	—	SH BEN INT	67061T101
—	BLACKROCK SCIENCE & TECHNOLO	203,662	$7,218	0.7%	$35.44	—	SHS	09258G104
—	EATON VANCE TAX-ADVANTAGED G	245,990	$6,529	0.6%	$22.99	—	COM	27828U106
—	WESTERN ASSET INVESTMENT GRA	494,312	$6,357	0.6%	$12.34	—	COM	95766T100
—	NUVEEN DOW 30 DYNMC OVERWRT	410,462	$6,095	0.6%	$13.90	—	SHS	67075F105
—	NUVEEN N Y MUN VALUE FD	663,627	$5,714	0.5%	$8.53	—	COM	67062M105
—	HANCOCK JOHN INVT TR II	382,371	$5,376	0.5%	$12.56	—	COM	410142103
—	EATON VANCE TAX-MANAGED GLOB	610,009	$5,295	0.5%	$7.96	—	COM	27829C105
—	ABRDN LIFE SCIENCES INVESTOR	349,501	$5,270	0.5%	$14.05	—	SH BEN INT	87911K100
XHIEX	MILLER HOWARD HIGH INC EQTY	429,584	$5,237	0.5%	$8.97	—	COM SHS BEN IN	600379101
—	WESTERN ASSET INTER MUNI FD	628,157	$5,151	0.5%	$8.77	—	COM	958435109
—	NUVEEN S&P 500 DYNAMIC OVERW	273,882	$4,596	0.4%	$16.17	—	COM	6706EW100
—	ALLSPRING UTILITIES AND HIGH	379,837	$4,239	0.4%	$10.33	—	WF UTILITIES INC	94987E109
—	FEDERATED HERMES PREM MUNI I	317,397	$3,942	0.4%	$11.04	—	COM	31423P108
—	WESTERN ASSET PREMIER BD FD	340,815	$3,844	0.4%	$12.81	—	SHS BEN INT	957664105
XEGFX	BLACKROCK ENHANCED GOVT FD I	381,747	$3,817	0.3%	$12.31	—	COM	09255K108
—	PUTNAM PREMIER INCOME TR	1,010,994	$3,771	0.3%	$3.86	—	SH BEN INT	746853100
—	EATON VANCE ENHANCED EQUITY	171,785	$3,728	0.3%	$19.33	—	COM	278277108
—	BLACKROCK INNOVATION AND GRW	484,745	$3,660	0.3%	$8.71	—	SHS BEN INT	09260Q108
XXCHNXX	CHINA FD INC	287,265	$3,660	0.3%	$15.58	—	COM	169373107
—	SWISS HELVETIA FD INC	407,364	$3,646	0.3%	$10.80	—	COM	870875101
—	DTF TAX-FREE INCOME 2028 TER	317,701	$3,580	0.3%	$13.73	—	COM	23334J107
—	NEUBERGER BERMAN NEXT GENERA	276,691	$3,550	0.3%	$11.92	—	COMMON STOCK	64133Q108
—	BLACKROCK MUN TARGET TERM TR	157,235	$3,399	0.3%	$20.64	—	COM SHS BEN IN	09257P105
—	MORGAN STANLEY INDIA INVT FD	110,850	$3,334	0.3%	$19.37	—	COM	61745C105
—	NUVEEN MULTI-MKT INCOME FD	516,082	$3,282	0.3%	$7.15	—	COM	67075J107
—	WESTERN ASSET MUN HIGH INCOM	452,748	$3,273	0.3%	$6.43	—	COM	95766N103
—	ALLSPRING MULTI SECTOR INCOM	337,100	$3,229	0.3%	$9.27	—	COM	94987D101
—	FIRST TR SR FLTG RATE INCOME	301,413	$3,123	0.3%	$9.67	—	COM	33733U108
—	MEXICO FD INC	200,841	$3,031	0.3%	$15.39	—	COM	592835102
XMVFX	BLACKROCK MUNIVEST FD INC	394,248	$2,996	0.3%	$9.10	—	COM	09253R105
—	DWS STRATEGIC MUN INCOME TR	278,157	$2,834	0.3%	$10.82	—	COM	23342Q101
—	NUVEEN CALIFORNIA MUNI VLU F	304,786	$2,780	0.3%	$9.25	—	COM STK	67062C107
XNXNX	NUVEEN N Y SELECT TAX FREE I	220,727	$2,686	0.2%	$11.66	—	SH BEN INT	67063V104
—	PUTNAM MUN OPPORTUNITIES TR	235,381	$2,566	0.2%	$10.90	—	SH BEN INT	746922103
—	ALLSPRING GLOBAL DIVIDEND OP	503,847	$2,524	0.2%	$4.82	—	COM	94987C103
—	NUVEEN MUN INCOME FD INC	240,461	$2,414	0.2%	$9.37	—	COM	67062J102
—	BNY MELLON MUN INCOME INC	327,598	$2,395	0.2%	$6.83	—	COM	05589T104
XNDPX	TORTOISE ENERGY INDEPENDENC	62,741	$2,362	0.2%	$27.70	—	COM	89148K200
—	LIBERTY ALL-STAR GROWTH FD I	404,493	$2,269	0.2%	$5.45	—	COM	529900102
—	VIRTUS GLOBAL MULTI-SECTOR I	277,582	$2,247	0.2%	$7.77	—	COM	92829B101
—	BROOKFIELD REAL ASSETS INCOM	163,400	$2,239	0.2%	$13.70	—	SHS BEN INT	112830104
—	GAMCO NAT RES GOLD & INCOME	351,216	$2,062	0.2%	$4.74	—	SH BEN INT	36465E101
—	SPROTT FOCUS TR INC	257,483	$1,983	0.2%	$7.01	—	COM	85208J109
—	PUTNAM MASTER INTER INCOME T	579,516	$1,965	0.2%	$3.41	—	SH BEN INT	746909100
—	WESTERN ASSET HIGH INCOME OP	483,944	$1,960	0.2%	$4.22	—	COM	95766K109
—	ADAM NAT RES FD INC	82,338	$1,912	0.2%	$20.60	—	COM	00548F105
—	FRANKLIN LTD DURATION INCOME	275,567	$1,838	0.2%	$6.65	—	COM	35472T101
—	BLACKROCK ENHANCED EQUITY DI	204,900	$1,772	0.2%	$8.65	—	COM	09251A104
—	ROYCE MICRO-CAP TR INC	166,285	$1,598	0.1%	$7.85	—	COM	780915104
—	BNY MELLON STRATEGIC MUNS IN	237,074	$1,543	0.1%	$6.51	—	COM	05588W108
XENWX	EATON VANCE NEW YORK MUN BD	151,152	$1,505	0.1%	$11.11	—	COM	27827Y109
—	FIRST TR HIGH YIELD OPPRT 20	96,095	$1,453	0.1%	$14.37	—	COM	33741Q107
XEVMX	EATON VANCE CALIF MUN BD FD	147,514	$1,424	0.1%	$10.02	—	COM	27828A100
—	FLAHERTY & CRUMRINE PFD SECS	80,966	$1,329	0.1%	$14.86	—	COM	338478100
—	NUVEEN MORTGAGE AND INCOME F	67,895	$1,251	0.1%	$16.43	—	COM	670735109
—	NUVEEN CORE PLUS IMPACT FUND	105,191	$1,247	0.1%	$17.91	—	COM BEN INT	67080D103
—	BNY MELLON STRATEGIC MUN BD	195,021	$1,215	0.1%	$6.23	—	COM	09662E109
—	BLACKROCK ENHANCD CAP & INM	61,631	$1,214	0.1%	$19.69	—	COM	09256A109
—	WESTERN ASSET HIGH YIELD DEF	93,584	$1,159	0.1%	$12.48	—	COM	95768B107
—	FIRST TR MTG INCOME FD	92,519	$1,156	0.1%	$15.10	—	COM SHS	33734E103
—	CLOUGH GLOBAL EQUITY FD	154,833	$1,074	0.1%	$6.94	—	COM	18914C100
XXHYBXX	NEW AMER HIGH INCOME FD INC	126,499	$1,054	0.1%	$6.67	—	COM NEW	641876800
—	RIVERNORTH DOUBLELINE STRATE	114,550	$1,040	0.1%	$8.62	—	COM	76882G107
—	BNY MELLON HIGH YIELD STRATE	386,352	$1,039	0.1%	$2.20	—	SH BEN INT	09660L105
—	EATON VANCE MUN INCOME 2028	53,369	$1,008	0.1%	$17.20	—	SHS	27829U105
—	BNY MELLON MUN BD INFRASTRUC	87,064	$972	0.1%	$11.16	—	COM SHS	09662W109
—	MFS MULTIMARKET INCOME TR	198,227	$965	0.1%	$4.52	—	SH BEN INT	552737108
—	ROYCE SMALL CAP TRUST INC	61,406	$964	0.1%	$13.26	—	COM	780910105
—	HANCOCK JOHN TAX-ADVANTAGED	39,929	$927	0.1%	$23.22	—	COM	41013V100
—	LAZARD GLOBAL TOTAL RETURN &	46,640	$846	0.1%	$15.42	—	COM	52106W103
—	THORNBURG INCM BUILDER OPP T	47,334	$843	0.1%	$14.24	—	COM	885213108
—	TEMPLETON DRAGON FD INC	90,596	$830	0.1%	$16.09	—	COM	88018T101
—	JOHN HANCOCK HEDGED EQUITY &	72,807	$799	0.1%	$10.00	—	COM	47804L102
—	ALLIANCEBERNSTEIN NATL MUN I	66,310	$782	0.1%	$13.06	—	COM	01864U106
—	NUVEEN FLOATING RATE INCOME	87,497	$772	0.1%	$8.22	—	COM	67072T108
—	NYLI MACKAY DEFINEDTERM MUNI	42,660	$719	0.1%	$16.25	—	COM	56064K100
—	ABRDN TOTAL DYNAMIC DIVIDEND	73,062	$665	0.1%	$8.62	—	COM SH BEN INT	00326L100
—	NUVEEN TAXABLE MUNICPAL INM	25,862	$430	0.0%	$15.51	—	COM	67074C103
USHY	ISHARES TR	11,000	$414	0.0%	$37.65	—	BROAD USD HIGH	46435U853
—	CLOUGH GLOBAL OPPORTUNITIES	75,957	$414	0.0%	$5.45	—	SH BEN INT	18914E106
—	BLACKROCK CR ALLOCATION INCO	33,504	$378	0.0%	$10.82	—	COM	092508100
—	ABRDN HEALTHCARE OPPORTUNITI	15,418	$340	0.0%	$18.86	—	SHS	879105104
—	PIMCO DYNAMIC INCOME STRATEG	12,922	$305	0.0%	$23.59	—	COM SHS BEN INT	69346N107
—	VOYA GLBL ADV & PREM OPP FD	10,000	$95	0.0%	$8.62	—	COM	92912R104
—	VOYA GLBL EQTY DIV & PREM OP	15,753	$89	0.0%	$5.22	—	COM	92912T100